NovaStar renames warehouse unit

Aug 01, 2006

Coastal Equity Partners purchases Solutions FundingMortgagePress.comMortgage bankers, Coastal Equity Partners LLC, Solutions Funding Inc. Coastal Equity Partners LLC has closed on the purchase of Solutions Funding Inc. (SFI) and plans to move its new company's corporate headquarters from Oakbrook Terrace, Ill. to Jacksonville, Fla. Joseph Bryant has been named chairman and CEO of SFI, Dennis Neubert has been named executive vice president and chief risk officer, Michael Celenza has been named East Coast wholesale manager and Adam Reike, former president and CEO, has been named senior vice president and Central and Western wholesale production manager. Tony Krueger will continue with the company as vice president of finance. Solutions Funding Inc. is a mortgage banker based in Oakbrook Terrace, Ill. For more information, call (630) 627-2477 or visit www.sfiwholesale.com. Coastal Equity Partners LLC is an investment house based in southern Florida.

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Aug 01, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

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